Compensation Analyst II

Posted:
9/6/2024, 1:38:06 PM

Experience Level(s):
Junior ⋅ Mid Level

Field(s):
People & HR

Workplace Type:
Remote

At Owens & Minor, we are a critical part of the healthcare process. As a Fortune 500 company with 50+ facilities across the US and 18,000 teammates in over 90 countries, we provide integrated technologies, products and services across the full continuum of care. Customers—and their patients—are at the heart of what we do.

Our mission is to empower our customers to advance healthcare, and our success starts with our teammates. 

Owens & Minor teammate benefits include:

  • Medical, dental, and vision insurance, available on first working day
  • 401(k), eligibility after 30 days of employment
  • Employee stock purchase plan
  • Tuition reimbursement
  • Development opportunities to grow your career with a global company

At Owens & Minor, we are a critical part of the healthcare process. As a Fortune 500 company with 50+ facilities across the US and 18,000 teammates in over 90 countries, we provide integrated technologies, products and services across the full continuum of care. Customers—and their patients—are at the heart of what we do.

Our mission is to empower our customers to advance healthcare, and our success starts with our teammates. 

Owens & Minor teammate benefits include:

  • Medical, dental, and vision insurance, available on first working day
  • 401(k), eligibility after 30 days of employment
  • Employee stock purchase plan
  • Tuition reimbursement
  • Development opportunities to grow your career with a global company

Job Summary

A Compensation Analyst conducts research, analyzes data and provides recommendations to ensure that the organization's compensation programs are competitive and align with the company's objectives. This role requires strong analytical skills, attention to detail, and knowledge of compensation laws and regulations. The teammate in this role will work closely with HR business partners to ensure that the organization's compensation programs are effective and efficient.

 

Core Responsibilities

  • Reviews a wide range of relevant compensation data to ensure the company's compensation policies are competitive.  This is done through analysis which reflects comparisons to the market for both base and total pay. Additional analysis in other areas may be required.
  • Researches, analyzes, formulates and recommends modifications to all compensation programs, policies and procedures to ensure internal and external equity, promote performance incentives, improve administrative efficiency and ensure legal compliance.
  • Partners and supports both the Human Resources team and operational business partners with respect to compensation needs.  This may include performing analysis and providing recommendations for pay decisions within the organization, administering pay structures, and answering any questions the internal partner might have regarding pay.
  • Administers compensation surveys, including survey participation (job matches to vendor job descriptions and submission of company data to the vendor).  Once survey market data is received from the vendor, performs market matches based upon job descriptions to obtain relevant pay salary data for making pay decisions, pay grade slotting and other compensation analysis.
  • Supports Sr. Analysts and Managers during the year-end compensation cycle. May include data integrity assurance and systems testing.
  • Performs basic to intermediate-level analysis to ensure statutory compliance with minimum pay amounts specified by the FLSA, state and local jurisdictions.
  • Audits Workday system to ensure accuracy of compensation data and addresses any related issues.

 

Qualifying Experience

  • Bachelor’s degree in Human Resources or related field required
  • CCP designation (or candidate) preferred
  • Two or more years of experience as a Compensation, Human Resources or Finance Analyst (or related field)
  •  Strong analytical skills; expertise in Microsoft Excel required
  • Deep knowledge of quantitative and qualitative research methods
  • Foundational knowledge of human resource laws, regulations and best practices preferred
  • Excellent written and verbal communication skills; excellent organizational and time management skills

If you feel this opportunity could be the next step in your career, we encourage you to apply. This position will accept applications on an ongoing basis.

Owens & Minor is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, national origin, sex, sexual orientation, genetic information, religion, disability, age, status as a veteran, or any other status prohibited by applicable national, federal, state or local law.